News

Jules Leaver

As impoverished ski bums in the Alps, Tim Slade (qv) and Leaver hit on the idea of buying up small consignments of T-shirts and selling them on for a modest profit. They soon swapped the slopes for the Fulham Road in London to found Fat Face, their first shop, named in honour of Le Face, an Olympic ski run in Val d'Isère. When Fat Face sold for £100m, the pair, with 51% between them, should have picked up £25m apiece. Leaver, 44, reinvested when the business was taken over again in 2007 by Bridgepoint in a £360m deal. In all, Leaver is worth £36m.